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AMERICAN HIGH INCOME TRUST
mutual fund
RITCX
Payout Change
Pending
Price as of:
$9.88
+0.0
+0.0%
primary theme
High Yield Bond
RITCX (Mutual Fund)
AMERICAN HIGH INCOME TRUST
Payout Change
Pending
Price as of:
$9.88
+0.0
+0.0%
primary theme
High Yield Bond
RITCX (Mutual Fund)
AMERICAN HIGH INCOME TRUST
Payout Change
Pending
Price as of:
$9.88
+0.0
+0.0%
primary theme
High Yield Bond
Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.4%
1 yr return
18.1%
3 Yr Avg Return
3.5%
5 Yr Avg Return
5.6%
Net Assets
$19.4 B
Holdings in Top 10
15.2%
52 WEEK LOW AND HIGH
$9.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.98%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 66.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RITCX - Profile
Distributions
- YTD Total Return 9.4%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 5.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.35%
- Dividend Yield 6.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAMERICAN HIGH INCOME TRUST
-
Fund Family NameCapital Group Fund Group
-
Inception DateAug 04, 2008
-
Shares OutstandingN/A
-
Share ClassR3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Daigle
Fund Description
The fund invests primarily in higher yielding and generally lower quality debt securities (rated Ba1 / BB+ or below by Nationally Recognized Statistical Rating Organizations or unrated but determined by the fund’s investment adviser to be of equivalent quality), including corporate loan obligations. Such securities are sometimes referred to as “junk bonds.” The fund may also invest a portion of its assets in securities tied economically to countries outside the United States.
The fund may also invest in futures contracts and swaps, which are types of derivatives. A derivative is a financial contract, the value of which is based on the value of an underlying financial asset (such as a stock, bond or currency), a reference rate or a market index.
The fund is designed for investors seeking a high level of current income and who are able to tolerate greater credit risk and price fluctuations than those that exist in funds investing in higher quality debt securities.
The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.
The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
RITCX - Performance
Return Ranking - Trailing
| Period | RITCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.4% | -5.4% | 15.3% | 5.83% |
| 1 Yr | 18.1% | 0.2% | 20.0% | 5.66% |
| 3 Yr | 3.5%* | -14.8% | 21.1% | 22.35% |
| 5 Yr | 5.6%* | -11.8% | 37.6% | 10.18% |
| 10 Yr | 4.4%* | -5.1% | 20.2% | 23.11% |
* Annualized
Return Ranking - Calendar
| Period | RITCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.9% | -4.7% | 14.3% | 62.66% |
| 2022 | -13.9% | -33.4% | 3.6% | 26.56% |
| 2021 | 3.7% | -8.4% | 8.2% | 5.95% |
| 2020 | 0.6% | -13.2% | 302.7% | 35.90% |
| 2019 | 5.1% | -4.4% | 13.3% | 83.24% |
Total Return Ranking - Trailing
| Period | RITCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.4% | -5.4% | 15.3% | 5.83% |
| 1 Yr | 18.1% | 0.2% | 20.0% | 5.66% |
| 3 Yr | 3.5%* | -14.8% | 21.1% | 22.35% |
| 5 Yr | 5.6%* | -11.8% | 37.6% | 10.18% |
| 10 Yr | 4.4%* | -5.1% | 20.2% | 23.11% |
* Annualized
Total Return Ranking - Calendar
| Period | RITCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.3% | -4.7% | 18.7% | 45.13% |
| 2022 | -9.1% | -33.4% | 47.8% | 26.07% |
| 2021 | 8.9% | -8.4% | 12.4% | 6.29% |
| 2020 | 7.3% | -9.6% | 325.6% | 18.91% |
| 2019 | 12.1% | -3.8% | 19.4% | 74.59% |
NAV & Total Return History
RITCX - Holdings
Concentration Analysis
| RITCX | Category Low | Category High | RITCX % Rank | |
|---|---|---|---|---|
| Net Assets | 19.4 B | 3.13 M | 23.6 B | 4.05% |
| Number of Holdings | 988 | 2 | 3879 | 10.08% |
| Net Assets in Top 10 | 3.08 B | -492 M | 5.25 B | 4.23% |
| Weighting of Top 10 | 15.25% | 4.2% | 146.0% | 41.63% |
Top 10 Holdings
- CAPITAL GROUP CENTRAL CASH FUND 7.45%
- DISH DBS CORP SR UNSEC 5.875% 11-15-24 1.15%
- DIEBOLD NIXDORF INC (NEW) 1.10%
- DIEBOLD NIXDORF INC TL 144A (TSFR3M+750) FRN 08-11-28 1.03%
- ROTECH HEALTHCARE INC PP (NEW) (NOT LISTED OR TRADING) (DRS) 0.93%
- FXI HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 12.25% 11-15-26 0.90%
- FIRST QUANTUM MINERALS LTD 144A LIFE SR UNSEC 6.875% 10-15-27 0.79%
- FIRST QUANTUM MINERALS LTD 144A LIFE SR SEC 2ND LIEN 9.375% 03-01-29 0.64%
- FXI HOLDINGS INC 144A LIFE SR SEC 1ST LIEN 12.25% 11-15-26 0.63%
- DISH NETWORK CORP 144A LIFE SR SEC 1ST LIEN 11.75% 11-15-27 0.61%
Asset Allocation
| Weighting | Return Low | Return High | RITCX % Rank | |
|---|---|---|---|---|
| Bonds | 87.21% | 0.00% | 145.36% | 89.97% |
| Cash | 8.12% | -52.00% | 48.02% | 19.02% |
| Stocks | 4.59% | 0.00% | 99.64% | 12.62% |
| Convertible Bonds | 0.98% | 0.00% | 17.89% | 57.72% |
| Preferred Stocks | 0.07% | 0.00% | 4.97% | 38.86% |
| Other | 0.01% | -39.08% | 99.96% | 44.88% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RITCX % Rank | |
|---|---|---|---|---|
| Energy | 77.45% | 0.00% | 100.00% | 26.02% |
| Communication Services | 11.96% | 0.00% | 99.99% | 30.99% |
| Financial Services | 6.24% | 0.00% | 100.00% | 22.22% |
| Utilities | 2.41% | 0.00% | 100.00% | 22.51% |
| Technology | 1.25% | 0.00% | 33.17% | 22.51% |
| Industrials | 0.70% | 0.00% | 93.12% | 30.12% |
| Real Estate | 0.00% | 0.00% | 86.71% | 68.42% |
| Healthcare | 0.00% | 0.00% | 22.17% | 66.67% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 68.71% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 76.61% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 70.18% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RITCX % Rank | |
|---|---|---|---|---|
| US | 4.59% | 0.00% | 99.64% | 12.68% |
| Non US | 0.00% | -0.01% | 0.83% | 66.18% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | RITCX % Rank | |
|---|---|---|---|---|
| Corporate | 93.06% | 0.00% | 100.00% | 68.89% |
| Cash & Equivalents | 7.45% | 0.00% | 48.02% | 20.00% |
| Government | 0.43% | 0.00% | 99.07% | 21.82% |
| Securitized | 0.04% | 0.00% | 97.24% | 43.49% |
| Derivative | 0.01% | -14.19% | 42.26% | 32.68% |
| Municipal | 0.00% | 0.00% | 1.17% | 61.73% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | RITCX % Rank | |
|---|---|---|---|---|
| US | 87.02% | 0.00% | 126.57% | 79.02% |
| Non US | 0.19% | 0.00% | 96.91% | 41.63% |
RITCX - Expenses
Operational Fees
| RITCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.98% | 0.02% | 38.33% | 49.19% |
| Management Fee | 0.29% | 0.00% | 1.75% | 5.35% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 66.23% |
| Administrative Fee | 0.03% | 0.00% | 0.50% | 14.81% |
Sales Fees
| RITCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| RITCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RITCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 66.00% | 1.00% | 255.00% | 55.60% |
RITCX - Distributions
Dividend Yield Analysis
| RITCX | Category Low | Category High | RITCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.10% | 0.00% | 11.76% | 46.20% |
Dividend Distribution Analysis
| RITCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| RITCX | Category Low | Category High | RITCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.35% | -2.39% | 9.30% | 52.65% |
Capital Gain Distribution Analysis
| RITCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.050 | OrdinaryDividend |
| Aug 30, 2024 | $0.051 | OrdinaryDividend |
| Jul 31, 2024 | $0.050 | OrdinaryDividend |
| Apr 30, 2024 | $0.046 | OrdinaryDividend |
| Mar 28, 2024 | $0.046 | OrdinaryDividend |
| Feb 29, 2024 | $0.045 | OrdinaryDividend |
| Jan 31, 2024 | $0.049 | OrdinaryDividend |
| Dec 29, 2023 | $0.054 | OrdinaryDividend |
| Nov 30, 2023 | $0.048 | OrdinaryDividend |
| Oct 31, 2023 | $0.052 | OrdinaryDividend |
| Sep 29, 2023 | $0.045 | OrdinaryDividend |
| Aug 31, 2023 | $0.071 | OrdinaryDividend |
| Jul 31, 2023 | $0.044 | OrdinaryDividend |
| Jun 30, 2023 | $0.044 | OrdinaryDividend |
| May 31, 2023 | $0.052 | OrdinaryDividend |
| Apr 28, 2023 | $0.044 | OrdinaryDividend |
| Mar 31, 2023 | $0.049 | OrdinaryDividend |
| Feb 28, 2023 | $0.041 | OrdinaryDividend |
| Jan 31, 2023 | $0.044 | OrdinaryDividend |
| Dec 30, 2022 | $0.045 | OrdinaryDividend |
| Nov 30, 2022 | $0.041 | OrdinaryDividend |
| Oct 31, 2022 | $0.051 | OrdinaryDividend |
| Sep 30, 2022 | $0.038 | OrdinaryDividend |
| Aug 31, 2022 | $0.040 | OrdinaryDividend |
| Jul 29, 2022 | $0.040 | OrdinaryDividend |
| Jun 30, 2022 | $0.038 | OrdinaryDividend |
| May 31, 2022 | $0.042 | OrdinaryDividend |
| Apr 29, 2022 | $0.032 | OrdinaryDividend |
| Mar 31, 2022 | $0.040 | OrdinaryDividend |
| Feb 28, 2022 | $0.032 | OrdinaryDividend |
| Jan 31, 2022 | $0.035 | OrdinaryDividend |
| Dec 31, 2021 | $0.039 | OrdinaryDividend |
| Nov 30, 2021 | $0.036 | OrdinaryDividend |
| Oct 29, 2021 | $0.034 | OrdinaryDividend |
| Sep 30, 2021 | $0.034 | OrdinaryDividend |
| Aug 31, 2021 | $0.036 | OrdinaryDividend |
| Jul 30, 2021 | $0.031 | OrdinaryDividend |
| Jun 30, 2021 | $0.030 | OrdinaryDividend |
| May 28, 2021 | $0.032 | OrdinaryDividend |
| Apr 30, 2021 | $0.031 | OrdinaryDividend |
| Mar 31, 2021 | $0.040 | OrdinaryDividend |
| Feb 26, 2021 | $0.039 | OrdinaryDividend |
| Jan 29, 2021 | $0.038 | OrdinaryDividend |
| Dec 31, 2020 | $0.087 | OrdinaryDividend |
| Nov 30, 2020 | $0.036 | OrdinaryDividend |
| Oct 30, 2020 | $0.041 | OrdinaryDividend |
| Sep 30, 2020 | $0.041 | OrdinaryDividend |
| Aug 31, 2020 | $0.041 | OrdinaryDividend |
| Jul 31, 2020 | $0.043 | OrdinaryDividend |
| Jun 30, 2020 | $0.044 | OrdinaryDividend |
| May 29, 2020 | $0.044 | OrdinaryDividend |
| Apr 30, 2020 | $0.045 | OrdinaryDividend |
| Mar 31, 2020 | $0.050 | OrdinaryDividend |
| Feb 28, 2020 | $0.045 | OrdinaryDividend |
| Jan 31, 2020 | $0.047 | OrdinaryDividend |
| Dec 31, 2019 | $0.052 | OrdinaryDividend |
| Nov 29, 2019 | $0.049 | OrdinaryDividend |
| Oct 31, 2019 | $0.051 | OrdinaryDividend |
| Sep 30, 2019 | $0.050 | OrdinaryDividend |
| Aug 30, 2019 | $0.050 | OrdinaryDividend |
| Jul 31, 2019 | $0.050 | OrdinaryDividend |
| Jun 28, 2019 | $0.049 | OrdinaryDividend |
| Dec 31, 2007 | $0.024 | CapitalGainLongTerm |
| Dec 31, 2007 | $0.090 | DailyAccrualFund |
| Dec 29, 2006 | $0.021 | ExtraDividend |
| Dec 29, 2005 | $0.041 | ExtraDividend |
| Dec 30, 2004 | $0.015 | ExtraDividend |
RITCX - Fund Manager Analysis
Managers
David Daigle
Start Date
Tenure
Tenure Rank
Dec 01, 2003
18.51
18.5%
David A. Daigle is a fixed income portfolio manager at Capital Group. He has 27 years of investment experience, all with Capital Group. Earlier in his career at Capital, David also had investment analyst responsibilities and covered multiple industries including health care, wireless communications, technology, and transportation. He holds an MBA with honors from the University of Chicago Booth School of Business and a bachelor’s degree in business administration from the University of Vermont. David is based in New York.
Thomas Chow
Start Date
Tenure
Tenure Rank
Dec 01, 2014
7.5
7.5%
Mr. Chow is a vice president and portfolio manager for Capital Research and Management Company. Prior to joinming Caital Research 2014, Mr. Chow is a member of the taxable fixed income portfolio management team for Delaware. His experience includes significant exposure to asset liability management strategies and credit risk opportunities. Prior to joining Delaware 2001, he was a trader of high grade and high yield securities, and was involved in the portfolio management of CBOs and insurance portfolios at SunAmerica from 1997 to 2001. Before that, he was an analyst, trader, and portfolio manager at Conseco Capital Management from 1989 to 1997.
Tara Torrens
Start Date
Tenure
Tenure Rank
Jun 01, 2015
7.0
7.0%
Tara L. Torrens has been with Capital Research and Management Company or affiliate since 2003.
Shannon Ward
Start Date
Tenure
Tenure Rank
Dec 01, 2016
5.5
5.5%
Shannon Ward is a fixed income portfolio manager at Capital Group. She also serves on the Target Date Solutions Committee. She has 29 years of investment industry experience and has been with Capital Group for five years. Prior to joining Capital, Shannon worked as a portfolio manager at Oaktree Capital Management. She holds an MBA from the University of Southern California and a bachelor's degree in psychology from University of California, Santa Barbara. Shannon is based in Los Angeles.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.3 | 8.17 |
